Daily Options Scenario
Daily Options Scenario #60
One real SPX session from the trainer’s five-year history, dates masked. Below: the last 50 daily candles into the entry, the volatility and trend read at the close, and the four defined-risk verticals that were actually priced there (1 contract, ×100 multiplier, historical option quotes) — all expiring in 3 DTE. Pick your play, then reveal what the tape did.
This board: a tape pressing higher, options priced for real swings, 3 sessions on the clock. Form your own read before the table’s prices argue theirs.
Your five choices
| Choice | Strikes | Entry | Max profit | Max loss | Breakeven |
|---|---|---|---|---|---|
| Bull put credit spread | 5,400 / 5,350 | +$840.00 credit | $840.00 | $4,160.00 | above 5,391.6 |
| Bear call credit spread | 5,550 / 5,600 | +$752.50 credit | $752.50 | $4,247.50 | below 5,557.5 |
| Bull call debit spread | 5,550 / 5,470 | −$2,987.50 debit | $5,012.50 | $2,987.50 | above 5,499.9 |
| Bear put debit spread | 5,400 / 5,465 | −$2,592.50 debit | $3,907.50 | $2,592.50 | below 5,439.1 |
| No trade — stand aside | — | — | — | — | — |
Tap a row to lock in your play — it gets scored against the whole board.
Reveal what happened
Over the next 1 session SPX rose 0.92% from 5478 to settle at 5528.75. VIX went from 26.5 to 25.1. The hold high of 5554 traded through the 5550 short call strike.
| Choice | Result | P&L |
|---|---|---|
| Bull put credit spread | WIN | +$838.70 |
| Bear call credit spread | WIN | +$751.20 |
| Bull call debit spread | WIN | +$2,886.20 |
| Bear put debit spread | LOSS | −$2,593.80 |
| No trade — stand aside | stood aside | $0.00 |
- put_credit FAVORED (+3.25): risk-on: SPX +3.7% over 5 sessions with VIX -18.9% — the tape is rising and vol is confirming it (+1.50); SPX trend STRONG_UP (5d +3.7%, 20d -3.8%) (+1.00); VIX 26.5 is rich: long premium is expensive and credit is rich for a reason (+0.25); VIX has collapsed -18.9% over 5 sessions — fear is draining out (+0.50)
- call_credit AVOID (-4.25): risk-on: SPX +3.7% over 5 sessions with VIX -18.9% — the tape is rising and vol is confirming it (-1.75); SPX trend STRONG_UP (5d +3.7%, 20d -3.8%) (-2.25); VIX 26.5 is rich: long premium is expensive and credit is rich for a reason (+0.25); VIX has collapsed -18.9% over 5 sessions — fear is draining out (+0.25); short calls sell the side with no ceiling, against an underlying that drifts up over time — this structure was the weakest in the book across every regime (-0.75)
Keep playing
Playbook Trainer is an educational game built on historical market data. Nothing on this page is investment advice or a recommendation to trade. Options involve substantial risk; defined-risk spreads can lose their full maximum loss. Scenario dates are masked, and prices reflect historical option quotes with simplified fills.